Tax exemption under section 10(23C)(iv) granted to a charity, conditional on application of income and investment modes. Notification under section 10(23C)(iv) confers eligibility for exemption for assessment years 1991 92 to 1993 94 on the Association of the Physically Handicapped, Bangalore, subject to conditions that income be applied wholly and exclusively to its objects, that funds (other than certain voluntary contributions held as tangible items) be invested only in modes specified in sub section (5) of section 11, and that business income qualify only if incidental and maintained in separate books.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax exemption under section 10(23C)(iv) granted to a charity, conditional on application of income and investment modes.
Notification under section 10(23C)(iv) confers eligibility for exemption for assessment years 1991 92 to 1993 94 on the Association of the Physically Handicapped, Bangalore, subject to conditions that income be applied wholly and exclusively to its objects, that funds (other than certain voluntary contributions held as tangible items) be invested only in modes specified in sub section (5) of section 11, and that business income qualify only if incidental and maintained in separate books.
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